Aozora Bank Reports Major Shareholder Details

TOKYO, Jun 23 (Pulse News Wire) – Aozora Bank,ltd. (8304.T) disclosed significant shareholder information related to its affiliate Daiwa Securities Co., Ltd.

As of March 31, 2026, Daiwa Securities holds 23.92% of Aozora Bank's voting rights through direct ownership and indirect holdings. However, due to incomplete data, the bank could not verify the actual share count beyond Daiwa Securities' reported stake as of August 14, 2024. Daiwa Securities, which filed a change report on August 07, 2024, owns shares jointly with Daiwa Securities Co., Ltd. and Daiwa Asset Management Co., Ltd. Specifically, Daiwa Securities holds 23.65%, while Daiwa Securities Co., Ltd. and Daiwa Asset Management hold 0.15% and 1.73%, respectively.

Due to insufficient verification, these joint holdings were excluded from the consolidated figures. Under a capital business alliance agreement signed on May 13, 2024, Daiwa Securities Group retains the right to nominate one outside director candidate for Aozora Bank so long as their voting rights ratio remains at or above 23.92%. Currently, one executive officer from Daiwa Securities Group serves as an outside director for Aozora Bank. The agreement ensures operational independence, allowing Aozora Bank to make autonomous decisions without needing approval from Daiwa Securities Group for routine operations. Calvin Hiroshi Kawashima, nominated by Daiwa Securities Group, serves as an outside director for Aozora Bank since May 13, 2024. His extensive experience in human resources and investment banking departments within Daiwa Securities Group provides valuable insights and expertise.

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